1 week Ago By Defense World Staff
Envestnet Asset Management Inc. lessened its position in shares of Carter’s, Inc. (NYSE:CRI – Free Report) by 19.
7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,240 shares of the textile maker’s stock after selling 12,590 shares during the period. Envestnet Asset Management Inc.
owned approximately 0.14% of Carter’s worth $2,777,000 as of its most recent filing with the Securities and Exchange Commission. Other large investors have also made changes to their positions in the company.
Vanguard Group Inc. grew its position in Carter’s by 10.4% in the fourth quarter.
Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock valued at $211,100,000 after acquiring an additional 366,293 shares during the last quarter. Pacer Advisors Inc.
grew its stake in shares of Carter’s by 155.0% during the fourth quarter. Pacer Advisors Inc.
now owns 2,851,079 shares of the textile maker’s stock worth $154,500,000 after buying an additional 1,732,857 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Carter’s by 6.
3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker’s stock worth $67,518,000 after acquiring an additional 74,133 shares during the last quarter.
American Century Companies Inc. increased its holdings in Carter’s by 15.4% in the 4th quarter.
American Century Companies Inc. now owns 1,067,176 shares of the textile maker’s stock worth $57,830,000 after purchasing an additional 142,514 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in Carter’s by 40.
5% in the fourth quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker’s stock valued at $32,040,000 after purchasing an additional 170,528 shares during the last quarter. Carter’s Stock PerformanceShares of Carter’s stock opened at $33.
91 on Friday. The business has a 50-day moving average price of $40.30 and a two-hundred day moving average price of $50.
10. Carter’s, Inc. has a 1-year low of $32.
12 and a 1-year high of $72.77. The company has a current ratio of 2.
21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.
The company has a market cap of $1.22 billion, a P/E ratio of 5.38, a PEG ratio of 3.
37 and a beta of 1.09. Carter’s (NYSE:CRI – Get Free Report) last announced its quarterly earnings data on Friday, April 25th.
The textile maker reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.
13. Carter’s had a net margin of 8.11% and a return on equity of 27.
15%. The firm had revenue of $291.09 million for the quarter, compared to analyst estimates of $624.
86 million. As a group, analysts anticipate that Carter’s, Inc. will post 5.
15 EPS for the current year. Carter’s Dividend AnnouncementThe business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were given a dividend of $0.
80 per share. The ex-dividend date was Monday, March 10th. This represents a $3.
20 annualized dividend and a dividend yield of 9.44%. Carter’s’s payout ratio is 62.
62%. Analysts Set New Price TargetsSeveral analysts have recently weighed in on CRI shares. Citigroup reduced their price target on Carter’s from $50.
00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. UBS Group cut their price target on shares of Carter’s from $57.
00 to $49.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, Wells Fargo & Company reduced their price objective on shares of Carter’s from $65.
00 to $48.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th.Read Our Latest Analysis on Carter’sAbout Carter’s (Free Report)Carter’s, Inc engages in the business of brand marketing of young children’s apparel.
It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.
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